Mid-Day Breakouts Report - Wednesday, May 15th, 2024

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 15TH, 2024
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DOW 39788.28 230.17 (0.58%) | NASDAQ 16675.56 164.38 (1.00%) | S&P 500 5291.43 44.75 (0.85%)

Time of Screening : 5/15/2024 12:08:36 PM Report Released : 5/15/2024 12:50:17 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 57.5% of 50 Day Average at the time of the screening.
More details about this report...

To View Current Notes and Data on currently Featured Stocks go to the latest
Featured Stocks Page

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Pivot Point
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
CLS - NYSE Celestica Inc	$51.52	+3.52 7.33%	$52.28	2,657,037 118.78% of 50 DAV 50 DAV is 2,237,000	$51.12 0.78%	5/15/2024	$51.52	PP = $51.22 MB = $53.78
Most Recent Note - 5/15/2024 Y - Color code is changed to yellow with pivot point cited based on its 4/04/24 high plus 10 cents after a 6-week flat base. Gapped up today hitting a new 52-week high, adding to volume-driven gains after rebounding above its 50 DMA line. A gain and strong close above the pivot point backed by at least +40% above average volume may clinch a proper technical buy signal. Reported earnings +83% on +20% sales revenues for the Mar '24 quarter versus the year ago period, and 7 of the last 8 quarterly comparisons were at or above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AER - NYSE - DIVERSIFIED SERVICES - Rental &; Leasing Services Aercap Holdings Nv	$92.93	+2.18 2.40%	$93.53	$92.45	0.52%	1,211,047 73.53%	1,647,000
Most Recent Note for AER - 5/15/2024 12:09:00 PM Hitting new 52-week and all-time highs again with today's gain. Reported Mar '24 quarterly earnings +41% on +8% sales revenues versus the year-ago period. Fundamental concerns remain as its prior quarterly and annual earnings (C and A criteria) history is not a great match with the fact-based investment system's guidelines.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$11.09	+0.40 3.70%	$11.13	$12.20	-9.14%	5,881,107 304.41%	1,932,000
Most Recent Note for BBVA - 5/15/2024 12:10:42 PM Gapped up today rebounding near its 50 DMA line ($11.15) which may act as resistance after damaging losses undercut the prior low ($10.49). Reported Mar '24 quarterly earnings +24% on +21% sales revenues versus the year-ago period, after 4 consecutive quarterly comparisons above the +25% minimum earnings guideline. This Spanish banking firm's annual earnings growth has been strong after a downturn in FY '20.
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BOOT - NYSE - Retail-Apparel/Shoes/Acc Boot Barn Holdings Inc	$106.52	-0.51 -0.48%	$110.00	$110.89	-3.94%	882,250 119.06%	741,000
Most Recent Note for BOOT - 5/15/2024 12:11:50 PM Perched at its 52-week high with no resistance due to overhead supply. Reported Mar '24 quarterly earnings -33% on -9% sales revenues versus the year-ago period and prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong. Completed Secondary Offerings on 5/21/18 and 1/17/18.
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CAMT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Camtek Ltd	$99.40	+5.29 5.62%	$100.00	$95.13	4.49%	386,124 97.75%	395,000
Most Recent Note for CAMT - 5/15/2024 12:17:52 PM This Israel-based Electronics firm is powering to new 52-week highs, gapping up today and adding to recent volume-driven gains. Reported Mar '24 quarterly earnings +50% on +34% sales revenues versus the year ago period. Prior quarterly results were subpar. Previously met stubborn resistance in the $89-90 area.
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CRH - NYSE - Bldg-Cement/Concrt/Ag C R H Plc Adr	$84.38	+1.83 2.21%	$84.47	$88.00	-4.12%	3,172,304 99.13%	3,200,000
Most Recent Note for CRH - 5/15/2024 12:22:13 PM It has not formed a sound base but rebounded above its 50 DMA line ($82) last week and it is perched within striking distance of its all-time high. Irish Building - Cement firm reported strong Mar '24 earnings versus a loss on +2% sales revenues versus the year-ago period. Subpar sales revenues growth is cause for concern. Prior quarterly earnings comparisons have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '20.
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CSWC - NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity Capital Southwest Corp	$26.94	-0.26 -0.96%	$27.19	$27.22	-1.03%	211,511 81.35%	260,000
Most Recent Note for CSWC - 5/15/2024 12:24:15 PM Consolidating near its 52-week high after recently wedging to new highs with gains lacking great volume conviction. Reported Mar '24 quarterly earnings +9% on +25% sales revenues versus the year ago period, its 2nd quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings growth has been strong since turning profitable in FY '17.
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HOV - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Hovnanian Enterprises A	$179.47	+7.11 4.13%	$181.53	$183.60	-2.25%	66,114 97.23%	68,000
Most Recent Note for HOV - 5/15/2024 12:25:39 PM Gapped up today rallying to challenge multi-year highs. Reported improved earnings in the Oct '23 and Jan '24 quarters versus the year ago periods but fundamental concerns remain. Prior quarterly and annual earnings history (C and A criteria) are not a match with the fact-based investment system's guidelines.
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IESC - NASDAQ - Bldg-Maintenance & Svc Integrated Electric Svcs	$176.76	+11.36 6.87%	$178.01	$184.38	-4.13%	92,151 61.03%	151,000
Most Recent Note for IESC - 5/15/2024 12:27:28 PM Showing resilience following a noted "negative reversal" on 5/13/24 after hitting new all-time highs with 7 consecutive gains. It is very extended from any sound base and prior mid-day reports cautioned members -"Reported Mar '24 quarterly earnings +114% on +24% sales revenues versus the year-ago period. Sequential quarterly comparisons show acceleration in its sales revenues growth rate. Not a match with the winning models of the fact-based investment system after a downturn in FY '22 earnings (A criteria)."
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LPX - NYSE - MATERIALS & CONSTRUCTION - Lumber, Wood Production Louisiana Pacific Corp	$91.68	+2.03 2.26%	$91.97	$90.03	1.83%	916,792 85.52%	1,072,000
Most Recent Note for LPX - 5/15/2024 12:29:51 PM Gapped up again today hitting new all-time highs. Held its ground after a noted gap up on 5/09/24 after reporting Mar '24 quarterly results with greatly improved sales revenues and earnings increases well above the +25% minimum guideline (C criteria). Prior quarterly and annual earnings (A criteria) history has been erratic, making it not a great match with the fact-based investment system's fundamental guidelines.
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MAG - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Magnetek Inc	$12.91	+0.02 0.16%	$13.13	$13.39	-3.58%	678,390 65.04%	1,043,000
Most Recent Note for MAG - 5/15/2024 12:32:41 PM Fundamental concerns remain. Earnings and sales revenues growth history is not a match with the fact-based investment system's guidelines (C criteria).
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MBIN - NASDAQ - Banks-Midwest Merchants Bancorp	$42.80	+0.18 0.42%	$42.97	$48.68	-12.08%	122,872 69.81%	176,000
Most Recent Note for MBIN - 5/15/2024 12:33:11 PM Gapped down on the prior session for a big loss after reaching a new 52-week high with a streak of 11 consecutive gains. Reported earnings +68% on +46% sales revenues for the Mar '24 quarter versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) had a downturn in FY '22. Completed $16 IPO on 10/27/17.
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NTAP - NASDAQ - COMPUTER HARDWARE - Data Storage Devices Netapp Inc	$110.70	+1.66 1.52%	$110.90	$112.48	-1.59%	1,364,751 77.06%	1,771,000
Most Recent Note for NTAP - 5/15/2024 12:37:29 PM Perched near multi-year highs after consolidating and finding support near its 50 DMA line since a considerable "breakaway gap" noted on 3/04/24. Reported earnings +42% on +5% sales revenues for the Jan '24 quarter versus the year ago period. Fundamental concerns remain. Annual earnings (A criteria) growth history has been up and down.
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PHM - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Pulte Group Inc	$120.65	+4.47 3.84%	$120.81	$121.08	-0.36%	1,326,112 75.61%	1,754,000
Most Recent Note for PHM - 5/15/2024 12:39:56 PM Hitting a new 52-week high today. Rebounded above its 50 DMA line ($113) with a volume-driven gain when last noted in the 4/23/24 mid-day report. Reported earnings +32% on +10% sales revenues for the Mar '24 quarter versus the year-ago period, but 3 prior quarterly comparisons were well below the +25% minimum guideline (C criteria) and fundamental concerns remain. It found support above its 200 DMA line and then rallied impressively since dropped from the Featured Stocks list on 8/25/23.
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TEVA - NYSE - DRUGS - Drug Manufacturers - Other Teva Pharmaceutical Ads	$16.96	-0.14 -0.79%	$17.13	$17.10	-0.85%	6,079,313 61.48%	9,888,000
Most Recent Note for TEVA - 5/15/2024 12:42:15 PM Rallied to new multi-year highs with 5 consecutive volume-driven gains. The 5/13/24 mid-day report cautioned members - "Quarterly earnings increases have been below the +25%* guideline."*
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TOL - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Toll Brothers Inc	$133.33	+5.95 4.67%	$133.87	$130.63	2.06%	829,182 68.36%	1,213,000
Most Recent Note for TOL - 5/15/2024 12:42:29 PM Gapped up today for a new all-time high. Reported Jan '24 quarterly earnings +32% on +9% sales revenues versus the year-ago period. Prior quarterly comparison for Oct '23 showed lower sales revenues and earnings versus the year-ago period. Annual earnings (A criteria) had a downturn in FY '19 and '20.
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TRAK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software DealerTrack Technologies	$17.79	+1.14 6.82%	$17.96	$17.93	-0.81%	132,257 191.68%	69,000
Most Recent Note for TRAK - 5/15/2024 12:44:11 PM Spiked up today hitting new multi-year highs with a big volume-driven gain. Found support at its 50 DMA line ($15.74) during its recent consolidation. Due to report Mar '24 quarterly results. Reported Dec '23 quarterly earnings +17% on +9% sales revenues versus the year-ago period. Prior quarterly and annual earnings history and sales revenues growth rate is not a match with the fact-based investment system's fundamental guidelines.
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TREX - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Trex Company Inc	$91.18	+2.69 3.04%	$91.71	$101.91	-10.53%	413,122 59.87%	690,000
Most Recent Note for TREX - 5/15/2024 12:45:25 PM Consolidating since a damaging volume-driven loss noted in the 5/10/24 mid-day report after meeting resistance at its 50 DMA line ($93.20) which is now downward sloping. Reported Mar '24 quarterly earnings +116% on +2% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria).
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TRNS - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Transcat Inc	$119.22	-0.23 -0.19%	$122.12	$120.10	-0.73%	32,942 86.69%	38,000
Most Recent Note for TRNS - 5/15/2024 12:48:12 PM A volume-driven gain on 5/13/24 and additional gains have it perched at new all-time high today. Reported earnings +60% on +14% sales revenues for the Dec '23 quarter versus the year ago period, its 2nd strong quarterly comparison above the +25% minimum earnings guideline (C criteria) after 5 subpar quarters. Annual earnings (A criteria) growth has been up and down in recent years.
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VLGEA - NASDAQ - RETAIL - Grocery Stores Village Super Market A	$30.23	-0.05 -0.17%	$30.65	$30.35	-0.40%	12,054 60.27%	20,000
Most Recent Note for VLGEA - 5/15/2024 12:50:12 PM Perched at a new 52-week high today following a recent spurt of gains lacking great volume conviction. Reported Jan '24 quarterly earnings +14% on +2% sales revenues versus the year-ago period. Sub par sales revenues growth and lackluster annual earnings (A criteria) growth history remain concerns, fundamentally. Small supply of only 6.3 million shares in its trading float can contribute to greater price volatility.
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